What to do when OH is completely useless with money!?

rach13

OK so I have jsut had a sneaky look at OH online banking and for the THIRD week in a row he has gone over his overdraft limit and got a bank charge!! I am absolutely livid.

I have my own debts to deal with, a total of....
£500 @ 0% until August at Halifax
£1000 @ 19% at Nationwide
£2180 @ 0% until Jan at Mint

On top of trying to make ends meet and scrimping and saving I do not know what to do with my partner.

I know of three debts that he has:
1. Orange - Not sure of exact amount but when he left his ex, he had 2 mobiles in his name, one for him, one for her, she ran up a massive bill and he couldnt pay so both phones cut off and he is still trying to buy out of contract.
2. Argos - started off as £700 but god knows how much with interest, that was from last Decemeber.
3. Laptop - again started off as £500 but not sure how much now.

Not only is he incredibly bad with money but he refuses to have a discussion about it!! I am at the end of my tether, I have had sleepness nights over this and I jsut dont no what to do anymore. Every time I bring the subject up we end up fighting, I feel like I can control my debts on my own but not with his in tow and not with his attitude.

OliveOyl_2

Are you financially linked? eg joint accounts or mortgage or loan?

If not, then you can't have his LBM for him; sorry If you are linked, then what he does is of relevance to you. (if I'm wrong, someone please shout )and will affect your credit rating.

You can lead a horse to water, but you can't lead an OH to a LBM All you can do is drip feed information. eg "Look how much I saved by...."

You can show him a snowball of your debts and *encourage* him to do likewise

Good luck

Birdy12

I'm normally just lurking on these boards but, having read your post, had to respond. My OH has a similar attitude to yours, he's always been bad with money. I agree with Olive Oyl; if you have joint commitments then any 'bad' debts he has could have an adverse affect on your credit rating. I applied for a credit card recently, didn't think this would be a problem as I've tried hard to keep myself 'squeaky clean!' when it comes to financial matters, However, I was turned down! I applied to look at my Experian report (for free - as per MSE's advice) and then rung the credit card company. Basically, because OH and I have a joint mortgage, his credit rating may be taken into consideration when I want to apply for anything! Slightly mad about that!:mad:

If you don't have any joint commitments, your credit rating should remain intact and only be affected by what you do.

I understand how you feel though. I've taken control of all the household finances now. S'pose I was lucky though, as OH didn't mind this. I've a feeling some people would not be so easy-going...